Market for Refractory Bricks, Blocks and Tiles in the United Kingdom
Market Overview
The UK market for refractory bricks, blocks and tiles totaled $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a noticeable reduction. Refractory bricks, blocks and tiles consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
In value terms, refractory bricks, blocks and tiles production dropped modestly to $ in estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Refractory bricks, blocks and tiles production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a noticeable reduction. Refractory bricks, blocks and tiles consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.In value terms, refractory bricks, blocks and tiles production dropped modestly to $
in estimated in export price. Over the period under review, production continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of % against the previous year. Refractory bricks, blocks and tiles production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , approx. tons of refractory bricks, blocks and tiles were consumed in the UK; with a decrease of -% compared with . In general, consumption showed a abrupt downturn. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
The size of the market for refractory bricks, blocks and tiles in the UK expanded slightly to $ in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced downturn. Refractory bricks, blocks and tiles consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. tons of refractory bricks, blocks and tiles were consumed in the UK; with a decrease of -% compared with . In general, consumption showed a abrupt downturn. Over the period under review, consumption hit record highs at tons in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.The size of the market for refractory bricks, blocks and tiles in the UK expanded slightly to $
in , rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a pronounced downturn. Refractory bricks, blocks and tiles consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for refractory bricks, blocks and tiles in the UK, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last fifteen-year period (from % to %). Refractory bricks, blocks and tiles market in the UK consists almost entirely of imported products.
% to %). Refractory bricks, blocks and tiles market in the UK consists almost entirely of imported products.Trade Balance
The UK remains a net importer of refractory bricks, blocks and tiles; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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